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National market update

Existing-Home Sales Grow 1.8 Percent in May; Highest Pace in Over Nine Years

WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.

5 Tips to Help Buyers Save for a Down Payment

Saving for a down payment can pose one of the biggest challenges for potential home buyers. Indeed, "a down payment is often the largest single payment a consumer makes in their lifetime and saving for it isn’t easy,” says Corey Carlisle, executive director of the American Bankers Association Foundation. "However, with a few changes, consumers can put themselves on track to make their homeownership dream a reality.

New home sales

May 2016

+6.0%

April 2016

+16.6%

Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.0 percent (±12.8%)* below the revised April rate of 586,000, but is 8.7 percent (±14.6%)* above the May 2015 estimate of 507,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Velma Ellison

Despite the winter weather, home sales are picking up again, after the holidays. If you are considering buying or selling property in 2016, now is a good time to get started. I am always happy to visit with you about your goals. We can make it happen together. Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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